Current Affairs 20th July 2016 - Banking, SSC, UPSC Affairs

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Odisha Government has decided to celebrate the bicentenary (200 years) of the 1817 Paika revolt against the British Empire in 2016 on 19 July 2016. For the purpose, the state will organise a series of events in Odisha and at national level. The decision was taken at a high level meeting held under the chairmanship of Minister of State for Culture and Tourism Ashok Chandra Panda. Decisions made at the meeting includes :  An Amar Jyoti Pillar will be installed at Barunei hills, the site from where the rebellion began.The Paika revolt will be documented by bringing historical facts to the fore.Khurda fort will be conserved and protected and a road leading to it will be developed by the state government.  Odia girls will be educated about the tricks of Paika akhada (a form of self defence) and the best performing girls will be honoured with Rani Sukha Dei award (Queen Sukadei fought with the British forces). Paika revolt : The Paika revolt is termed as the first war of India’s Independence by many historians. Paikas (a martial race) had first raised the banner of revolt against the British Raj on 29 March 1817 at Barunei near Khurda. They rose due to several social, economic and political reasons.The Paiks rose in rebellion under their leader Bakshi Jagabandhu and, projecting Lord Jagannath as the symbol of Oriya unity. Subsequently, the revolt spread to Ghumsar in Ganjam and Kujang, Kendrapara and Kanika in the undivided Cuttack district. Historians from Odisha claim the Paika revolt should be acknowledged as the first war of Independence, and not the Sepoy Mutiny of 1857. Besides, the state government also decided to organise Kalinga Baliyatra in 2016. The Yatra will be organsied to commemorate the sea voyage to Bali Island in Indonesia, which was held in 1992 when Biju Patnaik was chief minister. The event will be organised by the state tourism department in collaboration with the Indian Navy as part of the centenary celebrations of the legendary leader.  

Mohammed Shahid, one of the greatest names in Indian hockey, died on 20 July 2016 due to severe liver condition and kidney failure. He was 56. Shahid was the part of the Indian hockey team that won the gold medal at the 1980 Moscow Olympics. Mohammed Shahid : Born on 14 April 2016 in Varanasi, Mohammed Shahid is considered one of India's best to have played hockey.He made his first appearance for India in the junior team in 1979 at the Junior World Cup in France. He made his first appearance in the senior team in 1979 in a four-nation tournament in Kuala Lumpur.He was known for his running ability, dribbling of the ball and push. He was awarded the Best Forward Player at the 1980 Champions Trophy in Karachi.He was a member of the team that won the silver at the 1982 Asian Games and bronze at the 1986 Asian Games.He captained the Indian team during 1985–1986.He was awarded Arjuna Award in 1980–1981.He was honoured with Padma Shri in 1986.  

Beverages company Coca-Cola has appointed Sarvita Sethi as the new Vice-President (Finance) for India and South West Asia on 19 July 2016. Sethi took the charge from Sanjeev Kumar, who is moving to Lagos as Director-Finance for Coca-Cola West Africa. He will also be heading company’s finance operations for 31 countries. Sethi will be reporting to Coca-Cola India and South West Asia President Venkatesh Kini. The India and South West Asia Business Units of The Coca-Cola Company includes India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives. Before being appointed as the VP (Finance), Sethi served as the Commercial Finance -Director for the Coca-Cola Central and Southern Europe business. Coca-Cola Company : The Coca-Cola Company is an American multinational beverage corporation.It is headquartered in Atlanta, Georgia.The company is best known for its flagship product Coca-Cola.The product Coca-Cola was invented in 1886 by pharmacist John Stith Pemberton in Columbus, Georgia. The Coca-Cola formula and brand were bought in 1889 by Asa Griggs Candler.Candler incorporated The Coca-Cola Company in 1892.  

Majority of glaciers in India including Gangotri are retreating (melting) at varying rates ranging from 5 to 20 metre per year due to global warming. It was announced by Minister of State (independent charge) of Environment, Forest and Climate Change in Lok Sabha in a written reply. The revelations were based on the studies carried out by ISRO, Wadia Institute of Himalayan Geology (WIGH) Dehradun and other institutions. Gangotri, one of the largest glaciers (30 km long) of Uttarkahand followed by Satopanth glacier (14 km) are retreating but not at an alarming rate.  Various studies carried out on melting of glaciers by the in-situ measurements as well as remote sensing data have indicated that the rate of retreat is “not uniform” for all glaciers. Dokriani glacier in Bhagirathi basin is retreating between 15 and 20 metre per year since 1995. Chorabari glacier in the Alaknanda basin is retreating at rate of 9 to 11 metre per year (2003-2014).  The glacier area has decreased from 599.9 sq km (1968) to 572.5 sq km (2006) in the Bhagirathi and Alaknanda river basins which has around 82 glaciers. It implies a net loss of 4.6 per cent of the total area. Glaciers in the Uppar Alaknanda basin and upper Bhagirathi basin have lost 18.4 sq km (5.7 per cent) and 9.0 sq km (3.3 per cent) area respectively from 1968 to 2006.

The Rajya Sabha unanimously passed Child Labour (Prohibition and Regulation) Amendment Bill, 2012. The Bill seeks to amend the Child Labour (Prohibition and Regulation) Act, 1986 to widen the scope of the law against child labour and stricter punishments for violations. Prohibition of employment of children below 14 years in all occupations or processes except where child helps his family. Addition of a new category of persons called “adolescent”. They are person between 14 and 18 years of age. Prohibition of employment of adolescents in hazardous occupations as specified (mines, hazardous processes and inflammable substance).  Empowers Union Government to add or omit any hazardous occupation from the list included in the Bill. Punishment for employing any child increased i.e. imprisonment between 6 months and two years (from earlier 3 months-one year) or a fine of 20,000 to 50,000 Rupees (from earlier 10,000 to 20,000 Rupees) or both.  Proposes penalty for employing an adolescent in a hazardous occupation i.e. imprisonment between 6 months and 2 years or a fine of 20,000 to 50,000 Rupees or both. Empowers the government to make periodic inspection of places at which employment of children and adolescents are prohibited. Government may confer powers on a District Magistrate (DM) to ensure that the provisions of the law are properly carried out and implemented. The Bill is aligned with the statutes of the International Labour Organisation (ILO) convention. It calls complete ban on child labour so they can get compulsory primary education in light of Right of Children to Free and Compulsory Education Act, 2009. Child Labour (Prohibition and Regulation) Act, 1986 :  Prohibits the engagement of children below 14 years in certain types of occupations and regulates the condition of work of children in other occupations. It prohibits employment of children in occupations such as bidi-making, carpet weaving, automobile workshops, handloom and power loom industry, domestic work and mines.

The NITI Aayog has signed a Statement of Intent (SoI) with Intel India to start the Atal Tinkering Laboratories (ATL) initiative as a part of its flagship programme Atal Innovation Mission (AIM) on 19 July 2016.The aim of setting up Atal Tinkering Laboratories is to build relevant skill sets among youngsters and to provide access to technology that will enable solutions.  Highlights of the Atal Tinkering Laboratories (ATL) initiative : These laboratories intend to impact 250000 youth with innovation skills & skills for the future across 500 communities & schools. The initiative will enable the creation of millions of child innovators who will bloom into young entrepreneurs, thus enabling India’s unprecedented growth.  Intel will co-lead the creation and management of ten ATLs as State Hubs. Intel will support NITI Aayog in building capacities of mentors and developing linkages with Maker ecosystem for quality improvement of projects made by youth, facilitating ideation, design thinking. Intel will co-lead an innovation festival which reaches out to 500000 young innovators.

The Book titled The Great Derangement : Climate Change and the Unthinkable authored by Indian novelist Amitav Ghosh was released on 12 July 2016.The book addresses the challenges of representing the complexity of climate change in literature and the responsibility of writers to document the extreme reality humans are now facing. He examines the inability at the level of literature, history and politics to grasp the scale and violence of climate change. Ghosh shows that the history of the carbon economy is a tangled global story with many contradictory and counterintuitive elements. Ghosh ends the book by suggesting that politics, much like literature, has become a matter of personal moral reckoning rather than an arena of collective action. The book serves as a great writer’s summons to confront the most urgent task of our time. Amitav Ghosh : Amitav Ghosh is an award-winning novelist and essayist whose books include The Circle of Reason, The Shadow Lines, In an Antique Land, Dancing in Cambodia, The Calcutta Chromosome, The Glass Palace, The Hungry Tide and the Ibis Trilogy: Sea of Poppies, River of Smoke and Flood of Fire.  

Nigerian journalist Didi Akinyelure won the BBC World Service News Komla Dumor Award for 2016 on 19 July 2016. Akinyelure is the second recipient of the award, which was established to honour Ghanaian BBC World News presenter Komla Dumor. The Award aims to celebrate African journalism and reward exceptional talent. Ugandan news anchor Nancy Kacungira was the winner of the first BBC World News Komla Dumor Award. Didi Akinyelure :  Akinyelure is a prime-time news anchor in Nigeria.She presents business news for CNBC, which broadcasts across the continent.She has been on the CNBC Africa team since 2013.Prior to that, she worked in the asset management finance sector in Nigeria and in the UK.As part of her award prize, she will start a three-month placement at the BBC in London in September 2016. Komla Dumor : Komla Afeke Dumor was a Ghanaian journalist who worked for BBC World News.He was the main presenter of BBC World News’ programme Focus on Africa.He started as the morning show host for Joy FM in Accra, Ghana.He was the 2003 winner of Journalist of the Year award given by the Ghana Journalists Association.In 2006, he joined the BBC African Service in London as host of the radio programme Network Africa. From 2008 to 2012, he presented The World Today on the BBC World Service.In December 2013, he was named as one of the 100 most influential Africans of 2013 by New African magazine.At the time of his death, he was the only West African news reader on BBC World News.He died on 18 January 2014 in his London home after a cardiac arrest, having been on air the day before.  

Russian Prime Minister Dmitry Medvedev has suspended Deputy Sports Minister Yury Nagornykh from his office on 18 July 2016. He was suspended after his name occurred in a report on the doping of Russian athletes at the 2014 Sochi Olympics. Earlier on the day, the President Vladimir Putin said that Russian officials named in the World Anti-Doping Agency's report would be temporarily suspended. As per reports, the suspension will last until the investigation into the World Anti-Doping Agency's (WADA) report on the involvement of Russian state officials in the doping scandal is over. WADA Report : The report of WADA said Nagornykh was told about every positive drug test across all sports from 2011 onwards, and it was he who decided "who would benefit from a cover-up and who would not be protected. Canadian sports lawyer Richard McLaren, the author of the report, said the role Nagornykh played in quashing positive drug tests for selected athletes was "beautiful in its simplicity" and part of an "efficient" state system for covering up doping. The International Olympic Committee (IOC) did not spell out whether it would heed growing calls for Olympic bans already imposed on Russia's track and field athletes and weightlifters to be extended to all its competitors in Games in Rio de Janeiro in August 2016.  

India's contestant Rohit Khandelwal won the coveted Mister World 2016 title on 19 July 2016. The grand finale of Mr World 2016 was held at the Southport Theatre & Convention Centre in Southport, U.K. With this, Khandelwal has become the first Indian and Asian to win the Mr World title at the competition. Mr World 2014 Nicklas Pedersen passed on the title to Khandelwal. He also won a cash prize of 50000 US dollar. Puerto Rico’s Fernando Alberto Alvarez Soto was named the first runner-up and Aldo Esparza Ramirez of Mexico was named the second runner-up. Rohit Khandelwal : Rohit Khandelwal was born on 19 August 1989 in Hyderabad.He graduated from Aurora Degree College. He served as ground staff for SpiceJet and technical support assistant at the Dell Computers prior to entering the modelling industry. He made his television debut by appearing in the Episode 76 of Yeh Hai Aashiqui, an Indian television series.He won Mr India 2015 contest held on 23 July 2015 at Club Royalty in Mumbai.  

Steve Elworthy, the former South Africa fast bowler, on 19 July 2016 was appointed the Managing Director (MD) of the 2019 World Cup, which will be held in England and Wales. In his new role, Elworthy will oversee the lead-up and running of the 2019 World Cup as well as the Champions Trophy and Women's World Cup. The Champions Trophy and Women's World Cup will be hosted by the England and Wales Cricket Board (ECB) in 2017. Elworthy has previously been the Tournament Director for the 2007 and 2009 World T20s and the 2013 Champions Trophy. Steve Elworthy : Born on 23 February 1965, Steven Elworthy is a former South African cricketer.After 10 years of playing first class cricket, he made his One Day International (ODI) debut at age of 32 for South Africa on 3 April 1998 against Pakistan.His test debut was on 23 July 1998 against England at Trent Bridge, Nottingham. He went on to play a total of four Tests and 39 One Day Internationals for South Africa between 1998 and 2002.Since his retirement, he has become a successful cricket administrator as Cricket South Africa's commercial and communications manager.In February 2010, he was appointed as Director of Marketing and Communications for the England and Wales Cricket Board.  

The Narendra Modi government has allocated Rs 22,915 crore capital to meet the capitalization needs of 13 Public Sector Banks (PSBs) in the current fiscal.  This is in line with its Indradhanush initiative, aimed at restoring banking sector health.The maximum capital infusion will be for State Bank of India (SBI) at Rs 7,575 crore and the least for Allahabad Bank at Rs 44 crore.  The capital infusion exercise is based on an assessment of need as assessed from the Compound Annual Growth Rate (CAGR) of credit growth for the last five years, and banks’ own projections of credit growth. Consequent upon the exercise, 75 percent of the amount collected for each bank is being released now to provide liquidity support for lending operations as also to enable banks to raise funds from the market.  The remaining amount will be released later based on performance.

Herbalife International India, a global premier nutrition company, has entered into a two-year exclusive partnership with Indian Olympic Association to be the official nutrition sponsor of the Indian Olympic contingent to Rio De Janeiro. Sports sponsorships is the ethos of Herbalife. The sponsorship of the India Olympic team marks a significant milestone in the chapters of Herbalife India and our sports sponsorship program as this is the first for the Indian affiliate to sponsor the country's national Olympic team," Ajay Khanna - Vice President and General Manager, Herbalife International India. Beginning with the Rio Olympics, Herbalife is mulling a long-term partnership with Indian Olympic Association in an effort to identify sports federations for development of sports and its athletes. Another significant area where the partnership will play a crucial role is nutrition, a key element in a sportsperson's life, involving nutrition education and knowledge forums for athletes of various federations. The coming together of Herbalife and Indian Olympic Association marks a new chapter in Indian sports sharing a common vision of holistic development of sports through nutrition. The synergistic vision will go a long way in comprehensive development of sports and development. Herbalife will work with various sporting federations after the Olympics are over to to help with nutrition needs of various athletes training for the Olympics and other events they participate in.

International remittance company Western Union appointed Sohini Rajola as Regional Vice President, India and South Asia. Rajola will be responsible for managing and developing the Western Union business across India, Sri Lanka, Nepal, Bangladesh, Maldives and Bhutan.  India is the world's largest remittance recipient country and is key to Western Union's growth strategy. With Rajola's appointment as the business leader for India and South Asia, we will further strengthen Western Union's multi-channel payment services offering, enabling greater consumer choice and wider financial inclusion . Prior to Western Union, Rajola was the Senior Vice President and Head - Digital Banking, at Axis Bank where she was responsible for designing and leading the digital strategy of the bank. Previously she was the bank's Head of Cards and Merchant Acquiring where she managed several partnerships and was responsible for the launch of a wide portfolio of electronic card products. 

The Ministry of AYUSH has signed an agreement with World Health Organisation for promotion of traditional Indian systems of medicine, including Yoga and Ayurveda, globally.  India has assigned activities to WHO for developing technical documents under four categories. The four categories include benchmarks for training in Yoga, Ayurveda, Unani medicine and Panchkarma.  The agreement seeks to achieve cooperation in promoting "quality, safety and effectiveness of service provision in traditional and complementary medicine."  It also aims to support WHO in the development and implementation of 'WHO Traditional and Complementary Medicine Strategy: 2014-2023' and will contribute to the global promotion of traditional Indian systems of medicine.   

Six main power-generating turbines of Sardar Sarovar Dam at Kevadia in Narmada district of Gujarat have become operational since July 12, producing electricity at its full capacity after 65,000 cusec of water was released from the dam in Madhya Pradesh due to heavy rainfall in the catchment areas. All the six units of riverbed power house of 200 MW each have been generating power at its installed capacity because of the high flow of water in the river since a week. The totalled installed capacity of the riverbed power house is 1200 MW. The total installed capacity of this hydropower station is 1450 MW (which includes five canal based power house at Sardar Sarovar dam), the official said adding that the level of water in the dam has been improving and has risen to 115.84 meters (as on July 18). All the turbines of the riverbed and canal based power house came into operation due to early arrival of monsoon in the catchment areas in Madhya Pradesh. As much as 57% of electricity generated by the dam is supplied to Madhya Pradesh, 27% to Maharashtra and 16% to Gujarat. In last one week, the dam has produced about 15 crores units of electricity which is being sold to the Gujarat Urja Vikas Nigam Limited (GUVNL).

The Kerala Assembly has passed the Legislative Assembly (Removal of Disqualifications) Amendment Bill, 2016 on 19 July 2016. The bill will pave way for CPM veteran VS Achutanandan's appointment as the Administrative Reforms Committee Chairman with Cabinet rank. The Bill was passed with retrospective effect from 1951 even as the Congress led UDF Opposition stayed away from the proceedings registering protest. The opposition said that the appointment would add burden on the state’s Consolidated Fund. The bill is envisaged to make necessary amendments in the present law to remove technical obstacles to confer Achuthanandan, also a legislator in the state Assembly, the post with Cabinet rank. This Legislative Assembly Amendment Bill also became the first Bill passed by the Pinarayi Government.  The bill, moved in line with the CPI-M and LDF's decision to appoint the 92-year-old Left leader to a top government post, was introduced on 14 July 2016. Earlier, a draft bill to amend the law related to the commission was approved by the state Cabinet. Under sub-clause (a) of clause (1) of Article 191, a member of the Legislative Assembly shall be disqualified if he or she holds any office of profit under the government of India or any of the state governments, other than an office declared by law.  

Legendary playback singer Mubarak Begum passed away in Mumbai, Maharashtra after a prolonged illness. She was 80. She is known for her singing scores of songs, duets and ghazals for Bollywood, mainly during the 1950s-1970s. Mubarak Begum  : Mubarak Begum was born in Sujangarh, Rajasthan and moved to Mumbai when she was 10-year-old. She had started her career with light music recitals in All India Radio (AIR). Her career as a playback singer began in 1949 with the Indian, Hindi-language film Aaiye. In her career from 1950s and 1960s, she had worked with the best music directors in the film industry, collaborating with Shankar Jaikishan, S D Burman and Khayyam.  She is best known for the evergreen song “Kabhi tanhaiyon mein hamari yaad ayegi” from the movie Hamari Yaad Aayegi (1961). “Hum Haal-e-dil Sunaenge” and “O Mere Humrahi” are some of her other best known songs.  

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